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HomeMy WebLinkAbout05-03-11~` FAMILY SETTLEMENT AGREEMENT AND FINAL RELEASE In the estate of THELMA I. AMNOTT THIS FAMILY SETTLEMENT AGREEMENT AND FINAL RELEASE is made this ~~~' day of , 2011 b and amon Sherri L. Dove and Ton a Y g y J. Mills (herein jointly referred to as "Beneficiaries") and Sherri L. Dove, Executrix of the Estate of Thelma I. Amnott, deceased (hereinafter referred to as "Executrix"). In accordance with the desire that the administration of the Estate of Thelma I. Amnott be terminated without the expense and delay of a court accounting, the parties hereto, in consideration of the mutual covenants herein expressed and intending to be legally bound, hereby agree that: WHEREAS: Thelma I. Amnott died December 26, 2010, leaving a Will date March 10, 1995, a copy of which is attached hereto, labeled Exhibit "A" and made a part hereof=; and WHEREAS: Letters Testamentary of the Estate of Thelma I. Amnott were; duly issued by the Register of Wills of Cumberland County, Pennsylvania, on January 2;5, 2011, to Executrix, a copy of which is attached hereto, labeled Exhibit "B" and made a part hereof; and WHEREAS: Executrix has gathered the assets, consisting of personal property, of the Estate of Thelma I. Amnott. The Accounting of the Estate by Executrix, by way of the Inheritance Tax Returns, consisting of an original return which is attached hereto acid made part hereof as Exhibit "C", constitutes the assets gathered, the debts paid, the disbursements made, and the distribution to all respective parties hereto; and WHEREAS: The balance/remainder of the Estate property has been distributed by the Administrators in accordance with this Family Settlement Agreement, and as stated in the Statement of Account (Exhibit "C"); and ~- 4 `~ ~~ a.. o ~~ r~ ; -r ~ ~ - ~: c~' [ i "~ U j ~ L.T f ", ~ i~ j t __l ~. ~ -f~ ~ i _..7_ 3 -~ - - - ": ~ WHEREAS: Under the said Will, the following beneficiaries have an interest in the net Estate of Thelma I. Amnott: Sherri L. Dove, Daughter of Decedent: One half of Net l~state Tonya J. Mills, Daughter of Decedent: One half of Net I?state NOW THEREFORE, Beneficiaries, do hereby acknowledge that each has lbeen notified by Executrix in her capacity as Executrix of the Estate of Thelma I. Amnott, of full satisfaction and payment of all sum or sums of money, legacies, bequests, and devises as given., devised and bequeathed to us pursuant to Pennsylvania Code, which amounts each does acknowledge; and which amounts, are in the amounts set opposite the Distributions to Each Beneficiary in the Inheritance Tax, and to be distributed as attached hereto and made part hereof. Advice of Counsel We, Beneficiaries, hereby acknowledge that this Family Settlement Agreement and Final Release contains provisions which may waive legal rights and assume legal responsibilities and encumbrances, or has other legal consequences, and that We have been informed to seek the advice of counsel before signing said Agreement. The above named hereby acknowledges that each has freely chosen to sign this Family Settlement Agreement and Final Release without the consent or advise of legal counsel. That each was given the opportunity to seek legal counsel to review this Agreement prior to signing, but choose instead to sign without such counsel. The above named acknowledges that each is of sound mind and disposition. We have read and understand the nature and importance of this Agreement, that we consider the provisions of this Agreement to be fair, just and reasonable, that we enter into i~t freely and voluntarily. Agreement to waive filing of formal account We, beneficiaries, hereby stipulate that in order to avoid the expense and time involved in the filing of a formal account and schedule of distribution, we agree that no account is necessary and we hereby agree that we consent to distribution being made without the filing of an account and schedule of distribution, with the same to be with the same force and effect a.s if they had been filed and confirmed by the Orphan's Court Division of the Court of Common Pleas, Dauphin County, Pennsylvania. Waiver of Liability We, Beneficiaries, hereby remise, release, quit-claim and forever discharge Executrix, in her capacity as Executrix of the Estate of Thelma I. Amnott:, her heirs, executors, and administrators and assigns, and agents, of and from the said Estate and from all actions, suits, contests, payments, accounts, reckonings, claims anal demands whatsoever for, or by reason thereof, or for any other use, matter, cause or thing whatsoever touching upon the Estate. Assumption of Liability We, Beneficiaries, FURTHER HEREBY COVENANT AND AGREE THAT, SHOULD ANY LIABILITY COME DUE TO THE ESTATE OF THE SAID DECEDENT AFTER THE SIGNING OF THIS AGREEMENT, WE, AS BENEFICIARIES UNDER SAID WILL, SHALL CONTRIBUTE TO THE ESTATE IN ORDER TO SATISFY ANY AND ALL CLAIMS, DEMANDS, SUITS OR CAUSES OF ACTION WHICH MAY BE SUCCESSFULLY PROSECUTED AGAINST THE SAID ESTATE OR THE AFORESAID ADMINISTRATORS OR AGENTS OF THE ESTATE, AFTER THE SIGNING, SEALING AND DELIVERY OF THIS FAMILY SETTLEMENT AGREEMENT AND FINAL RELEASE. SIGNATURES IN WITNESS WHEREOF, the parties to this agreement, intending to be legally bound, hereby have set their hands the day and year first above written. -1 ~~~ ~ Sherri L. Dove, Daughter of Decedent .~' \ dl ~.~ ~~ Tonya J. ills, aughter of Decedent ,~ l li ,, ,~ Sherri L. Dove, Executrix Date ~_ Date ~' Date ,, ~~ , ACKNOWLEDGMENT e ~ ~ -~ ~_ a -F F~vG~~ ~cA ~ SS COUNTY OF ~ o C 1 L_ On this the ~ S of /~.. Jc ~ ~ ~ 2011, beiFore me, the undersigned officer, personally appeared Sherri L. Dove, known to me (or satisfactorily proven) to be the person whose name is subscribed to the within Agreement and acknowledged that she executed the same for the purposes therein contained. ~~~~~~~~~~STEPHEN~HAYNES ~~~~~~~~~: ,~~~~~,y'~~,,,, Comm# DDp689798 . - tXplf~~7f~~f241~ -c~, -..` ~ On • _ ~L °~,~u~Y` Florida hlotary Assn., Inc ~.; -ti ........................®..................~ Notary Public My commission expires: '~ - j / - ~ j .: ~ • ~ ~ ACKNOWLEDGMENT COMMONWEALTH OF PENNSYLVANIA SS COUNTY OF ~<<n~~ i ~ ~`~ r On this the _~ of ~ ~ 2011, before me, the undersigned officer, personally appeared Tonya J. ills, known to me (or satisfactorily proven) to be the person whose name is subscribed to the within Agreement and acknowledged that she executed the same for the purposes therein contain My commission expires: NOTARIAL SEAL JOSEPH CARACIOlO Notary Public HARRISBURG CITY, DAUPHIN COUNTY My Commission Expires Oct 21, 201+